This is former CEO, Richard Fuld, giving testimony to Congress about Lehman Brothers' collapse. The sequence shows that since 2000, he took home $480 million in remuneration and bonuses and Mr. Fuld is trying to defend it:
I wonder if this is the reason why his lights were punched out in the Gym?
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
